Of course dilution has an effect. But anyone who bought after the performance shares weren't diluted and should have known about them if they did any research b4 buying. Those who already held for sure were diluted. Some didnt like it and sold. Micheal HP i think was a prolific poster and supporter of Isx but didn't like it and sold. He lost a potential fortune. After dilution the price went from approximately .20 to its high of 1.76 in just over a year. Seems the market didn't mind the performance shares. My point is harping on about the performance shares and how shareholders were robbed by management is to simplistic. They made a lot of us a lot of money. Don't believe they sold theirs yet. If they were just intent on robbing us shareholders why haven't they sold?
And the Asx are looking after the shareholders?
Of course dilution has an effect. But anyone who bought after...
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